LOS ANGELES, March 30 — Walt Disney Co has laid off Marvel Entertainment Chairman Isaac “Ike” Perlmutter as part of a cost-cutting campaign, a source confirmed on...
LOS ANGELES, March 30 — Walt Disney Co has laid off Marvel Entertainment Chairman Isaac “Ike” Perlmutter as part of a cost-cutting campaign, a source confirmed on Wednesday.
The executive was informed by phone Wednesday that Marvel Entertainment, a small division within the company responsible for comic book publishing and some consumer products, would be merged into larger Disney business units, according to a second source with knowledge of the matter.Dan Buckley, president of Marvel Entertainment, will remain and report to Marvel Studios President Kevin Feige, the second source said.
Perlmutter, who outmanoeuvred billionaire Carl Icahn for control of the comic book publisher in the late 1990s, sold Marvel to Disney for US$4 billion in 2009. Disney said at the time that Perlmutter would continue to oversee Marvel properties.
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